ECO401 VU Current Midterm Fall 2012 Paper – 8 December 2012
1. Difference between externel economies of scale and externel deseconomies of sclae
Marks: 1 ) – Please choose one
In figure given above, the marginal utility of income is:
► Increasing as income increases.
► Constant for all levels of income.
► Diminishes as income increases.
► None of the given options.
A total of 27 Qs.@@ were MCQs and 3 were of 3 marks and 2 of 5 marks.
1. Explain 2nd and 3rd degree PD with example.(5 Mks)
2. which of these are VC and FC.(5)
3. Concentration and its use.(30
4. LRTAC and draw graphs in economies and diseco of scale.(3)
5. Find elasticity of demand.(3)
DOWNLOAD SOLUTION HERE